CSL : Statutory Accounts for the Full Year Ended 30 June 2021

For immediate release

18 August 2021

RESULTS ANNOUNCEMENT

FOR THE FULL YEAR ENDED 30 JUNE 2021

Melbourne, Australia - CSL (ASX:CSL; USOTC:CSLLY)

As approved by the Board of CSL Limited, and in accordance with ASX Listing Rule 4.3A, please find attached the following for immediate release to the market:

• Appendix 4E - Full Year Report;
• Operating and Financial Review for the full year ended 30 June 2021, which accompanies the Directors' Report;
• Directors' Report (including the Remuneration Report); and
• Financial Report.

Authorised for lodgment by:

Fiona Mead

Company Secretary

For further information, please contact:

Investors:	Media:
Mark Dehring	Jimmy Baker
VP Investor Relations	Communications, Asia Pacific
P: [phone]	P: [phone]
E: [e-mail]	E: [e-mail]

CSL Limited

ABN: 99 051 588 348

ASX Full Year Information 30 June 2021

Lodged with the ASX under Listing Rule 4.3A.

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Contents

Section	Page
Appendix 4E	3
Operating and Financial Review
-	Chair Message	5
-	CEO Message	8
-	Our Company	11
- Our Strategy and Performance	15
-	Our Material Risks	22
-	Our Future Prospects	25
Directors' Report	27
-Remuneration Report	35
CSL Calendar	73
2021 Annual General Meeting	73
Financial Statements	74

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CSL Limited

ABN: 99 051 588 348

Appendix 4E

Year Ended 30 June 2021

(Previous corresponding period: Year Ended 30 June 2020)

Results for Announcement to the Market

	2021	2020	Percentage
	US$m	US$m	change
Sales and service revenue	9,979.5	8,796.6	13%
Total other revenue	330.5	354.2	-7%
Total revenue	10,310.0	9,150.8	13%
Profit before income tax expense	2,963.1	2,572.7	15%
Income tax expense	(588.1)	(470.2)	25%
Reported Net profit from ordinary activities after tax attributable to
members of the parent entity	2,375.0	2,102.5	13%
Reported Net profit after tax attributable to members of the parent entity	2,375.0	2,102.5	13%

Reported

• Total revenue up 13% to US$10.3 billion
• Net profit after tax for the year attributable to members of the parent entity up 13% to US$2.375 billion

Underlying Net Profit after Tax at Constant Currency1

• Underlying total revenue at constant currency up 10% at US$10.0 billion
• Underlying net profit after tax for the year at constant currency up 10% to US$2.307 billion

Dividends

	Amount per	Franked amount
	security	per security
		10% franked at
Final dividend (determined subsequent to balance date#)	US$1.18	30% tax rate
Interim dividend (paid on 1 April 2021)	US$1.04	Unfranked
Final dividend (prior year, paid on 9 October 2020)	US$1.07	Unfranked

# Record date for determining entitlements to the final dividend: 30 September 2021

• Under Australian law non-resident withholding tax is not payable on the unfranked component of this dividend as that portion will be declared to be wholly conduit foreign income.

• Excludes the impact of foreign exchange movements in the period under review. Refer to the footnotes on page 2 of the Directors' Report for further detail.

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Explanation of results

For further explanation of the results please refer to the accompanying press release and "Operating and Financial Review" in the Directors' report that is within the Full year report.

Other information required by Listing Rule 4.3A

The remainder of the information requiring disclosure to comply with Listing Rule 4.3A is contained in the attached Additional Information, Directors' Report, Financial Report and media release.

1Constant currency removes the impact of exchange rate movements to facilitate comparability of operational performance. This is done in three parts: (a) by converting the current period net profit of entities in the group that have reporting currencies other than US Dollars at the rates that were applicable to the prior comparable period ("translation currency effect"); (b) by restating material transactions booked by the group that are impacted by exchange rate movements at the rate that would have applied to the transaction if it had occurred in the prior comparable period ("transaction currency effect"); and (c) by adjusting for current year foreign currency gains and losses. The sum of translation currency effect, transaction currency effect and foreign currency gains and losses is the amount by which reported net profit is adjusted to calculate the operational result.

Summary NPAT	US$m
Reported net profit after tax	2,375.0
Translation Currency Effect (a)	(23.3)
Transaction Currency Effect (b)	(25.4)
Foreign Currency (Gains) and Losses (c)	(19.8)
Constant Currency Net Profit after Tax*	2,306.5

Summary Revenue	US$m
Reported Revenue	10,310.0
Currency Effect	(284.2)
Constant Currency Revenue*	10,025.8

*Constant Currency Net Profit after Tax and Revenue have not been audited or reviewed in accordance with Australian Auditing Standards.

(a) Translation Currency Effect ($23.3m)

Average Exchange rates used for calculation in major currencies (year ended 30 June 2021/30 June 2020) were as follows: USD/EUR (0.84/0.90); USD/AUD (1.35/1.49); USD/CHF (0.91/0.98); USD/CNY (6.65 /7.03).

(b) Transaction Currency Effect ($25.4m)

Transaction currency effect is calculated by reference to the applicable prior comparative period exchange rates. The calculation takes into account the timing of sales both internally within the CSL Group (i.e. from a manufacturer to a distributor) and externally (i.e. to the final customer) and the relevant exchange rates applicable to each transaction.

(c) Foreign Currency Gains ($19.8m)

Foreign currency gains recorded during the period.

Additional Information

NTA Backing

				30 June 2020
		30 June 2021		(restated)3
Net tangible assets backing per ordinary security2	$	12.55	$	9.33

• Net tangible assets include the right-of-use assets recognised under AASB 16 Leases.

• The prior year amounts have been restated to reflect the finalisation of the Vitaeris' acquisition accounting.

Changes in controlled entities

The Group did not acquire or dispose of any entities during the financial year.

Audit report

The audit report is contained in the attached Financial Report.

F Mead

Company Secretary

17 August 2021

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